Energy

On the move Stocks trend: Kinross Gold Corporation (NYSE:KGC) , Denbury Resources Inc. (NYSE:DNR)

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Kinross Gold Corporation (NYSE:KGC) initiated the shares trading at $3.98 and showed positive change of +4.76% while the stock’s final trade was registered at $ 4.18. However, its previous closing price was seen at $3.99. The stock negotiated total number of 23.42 million shares as compared to 3 months average volume of 15.92 million shares.

The stock price demonstrated downbeat change from its 50 day moving average of 5.00 and had been down from its 200 Day Moving Average of 4.47.

Kinross Gold Corporation (TSX:K.TO) (KGC) reported that it has repaid $250 million in senior notes that were due September 1, 2016.

With this repayment, Kinross has no other debt maturities until 2020, as the maturity dates of the Company’s $500 million term loan and $1,500 million revolving credit facility were extended by one year to August 10, 2020 and August 10, 2021, respectively.

Brokerage Recommendations:

The stock has received ratings from many brokerage firms according to ZACKS. Currently shares have been rated as “Buy” from “3” brokerage firms and “3” brokerage firms say as “Strong Buy”. “0” brokerage firms have suggested “Sell” for the company. “5” brokerage firms have recommended as a “Hold”. Strong Sell rating was given by “1” brokerage firms.  The Company has average brokerage recommendation (ABR) of “2.42” based on consensus of the ZACKS brokerage firms.

The average true range of Kinross Gold Corporation’s (KGC) is recorded at 0.24 and the relative strength index of the stock stands 31.52. The stock price is going above to its 52 week low with 219.08% and lagging behind from its 52 week high with -28.18%. Analyst recommendation for this stock stands at 2.70. A look on the firm performance, its monthly performance is -23.02% and a quarterly performance of -15.90%. The stock price is trading upbeat from its 200 days moving average with 13.49% and down from 50 days moving average with -17.71%.

Shares of Denbury Rexrces Inc. (NYSE:DNR) declined -6.17% and ended at $2.89 smaller than previous closing price of $3.08. The total 12.84 million shares were bought and sold throughout the most recent trading session more than average volume of 11.16 million shares.

Brokerage Recommendations:

The stock has received ratings from many brokerage firms according to ZACKS. Currently shares have been rated as “Buy” from “0” brokerage firms and “0” brokerage firms say as “Strong Buy”. “0” brokerage firms have suggested “Sell” for the company. “5” brokerage firms have recommended as a “Hold”. Strong Sell rating was given by “2” brokerage firms.  The Company has average brokerage recommendation (ABR) of “3.57” based on consensus of the ZACKS brokerage firms.

Denbury Resources Inc.’s (DNR) has price-to-cash ratio of 454.48 and price to sale ratio of 1.11. The company gross profit margin is 99.60%. A look on the firm performance, its monthly performance is 8.65% and a quarterly performance of -31.52%. The stock price is moving down from its 20 days moving average with -5.51% and isolated negatively from 50 days moving average with -10.64%.

 

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